Powerball jackpot at $415 million, Saturday numbers drawn

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Sunday, May 8, 2016

DES MOINES, Iowa (WLS) -- The Powerball jackpot stands at $415 million, the largest since the record-setting $1.6 billion jackpot in January.

The winning numbers from Saturday night's drawing are: 5 - 25 - 26 - 44 - 66 Powerball: 9

If no one wins tonight the Jackpot rolls over and the next drawing will be held Wednesday. The odds of winning are 1 in 292,000,000.

Even with such bad odds, a winning ticket or tickets will eventually be sold. That's because about 323 million people live in the United States, and when the jackpot balloons, a lot of them buy a lot of tickets. In January, more than 75 percent of the possible 292.2 million combinations were sold for the astronomical prize.

Drawings are at 10:59 p.m. Eastern time on Wednesdays and Saturdays, when five of 69 white balls are drawn from a drum, along with one of 26 red balls from another drum. Match all the numbers and you're suddenly very wealthy. Smaller prizes are paid if you match the Powerball or at least three of the white balls. The jackpot starts at $40 million and increases until there is a winner. Each ticket costs $2, and players can pay an extra $1 to increase the smaller prizes they might win.

With high hopes, people often buy 25, 100 or more tickets, or they might join an office pool. They're right that buying more tickets increases their chance of winning, but not by much. To really increase your odds, you'd need to buy hundreds of thousands or millions of combinations, and even then you'd probably lose.

The Associated Press contributed to this report.